The global stretch hood films market is expected to witness a CAGR of more than 7% during 2019-2029.

High convenience of usage and economic stability –

Stretch hood films are very efficient to use as different sizes of pallets can be wrapped with a single sized stretch hood film due to its elasticity.

Stretch hood films are elastic enough that they can be stretched twice their original dimension.

Stretch hood films provide economic stability to the employers, as the need to change films regularly for different sized pallets is eliminated.

The Asia Pacific Excluding Japan (APEJ) region is expected to generate significant demand for stretch hood films in forthcoming years.

The APEJ region has some of the world’s fastest-growing economies such as India and China. The growth in the manufacturing sector is increasing at a rapid rate over the last decade. Advancements in manufacturing, construction, automobiles, and various other end-use industries are expected to boost the overall demand for stretch hood films in these industries.

Construction in countries such as China & India is rapidly expanding, which is expected to drive the demand for stretch hood films due to their cutting edge properties over other palletizing films. Manufacturers are moving towards automation and search for organized ways of manufacturing and delivery. Stretch hood films provide a well-structured way to palletize load.

Moreover, lower crude prices translate to lower feedstock costs for plastics coupled with higher demand in industries for palletizing drive the demand of stretch hood films during the forecast period.

Top 3 Factors Shaping the Stretch Hood Films Market

Sustained demand for stretch hood films as they offer excellent protection against dust and moisture

Shrink films and stretch wraps do not cover the pallet from all sides, whereas stretch hood films provide all-sided protection to the load to be unitized. No dust or moisture enters the load from any side. For food products or any such product, which needs to be kept away from water and dust, stretch hood films are the optimum choice.

The automatic operation of stretch hood films helps in covering the whole pallet load with unified packaging. This technology has proven useful for many applications such as construction, pharmaceuticals, consumer goods, and many other industrial applications.

Across the globe, such technologies have evolved through which plastic products such as stretch hood films, and other products are produced from recovered plastics. This practice is environmentally-friendly as compared to using virgin polymers, which is expected to offer a positive outlook for the global stretch hood films market during the forecast period.

Being a fully automatic system, stretch hoods films facilitate faster packaging, which in turn, increases productivity. Stretch hood films give manufacturers a chance to be very fast. Shrink hoods provide maximum packaging speed of 50-70 pallets/hour, whereas stretch hoods yield a packaging speed of almost 100-150 pallets/hour, which is nearly twice as that of shrink hoods. With increasing demand for goods, the demand for stretch hood films is likely to increase in the coming years.

High cost and non-portable nature of stretch hood machines may slow down growth of stretch hood films market

Cost of the equipment used for the hood is very high and needs greater investment. Being an automatic technology, stretch hood machines do not require human intervention in the processing. However, it is possible that the machine may not work properly and some problem occurs. Handling equipment is needed for stretch hood films due to the large size and weight of the film rolls.

Film rolls for stretch wrapping are smaller and lighter and can be handled with ease without equipment. Also, a stretch hood machine is not portable as compared to some stretch wrap machines. This means that there are costs associated with moving the machine, should this become necessary in the plant. These factors might hamper the growth of the stretch hood films market during the forecast period.

Stretch Hood Films Market Structure Analysis

The global stretch hood films market is classified into three tiers, where tier-1 companies hold a prominent position in the market owing to the strong presence across the globe.

Several companies operating in the stretch hood films market maintain a strategic focus on Asia Pacific excluding Japan (APEJ) and Latin American regions as these are the high-penetration markets, looking at the rapid rate of expansion of end-use industries and the presence of high-growth economies.

This report provides a forecast analysis of the global stretch hood films market. It provides historical data for 2014-2018 and forecast from 2019-2029 in terms of market revenue (US$ Mn) and volume (‘000 Tons). The report on stretch hood films market includes market outlook and macroeconomic indicators on the packaging industry, flexible packaging industry, construction, consumer product, and other industries. Moreover, it also includes market dynamics including drivers, recent trends, restraints, and opportunities associated with the stretch hood films market. The report includes the study of market prospects for the manufacturers of stretch hood films and comprises of an exhaustive value chain analysis.

The global market for stretch hood films is further segmented as per material type, thickness, and end use. On the basis of material type, the market is segmented into polyethylene (LLDPE, LDPE, and HDPE), ethylene vinyl acetate, plastomers, elastomers, & others. On the basis of thickness, the stretch hood films market is segmented into up to 50 microns, 50-100 microns, 100-150 microns, and 150 microns & above. On the basis of end use, the stretch hood films market is segmented into construction, food & beverages, pharmaceuticals, consumer product, paper, textile, and chemicals & fertilizers.

To ascertain the size of the global stretch hood films market in terms of value and volume, revenue generated by the key stretch hood film manufacturers and their respective manufacturing capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the stretch hood films market. In order to provide an accurate forecast, we initiated by sizing up the current stretch hood films market with the help of the parent market.

We gathered data from secondary research and validated it through primary research. Also, we form the basis of how the stretch hood films market is expected to develop in the future by taking into account the opinions of industry experts. Given the characteristics of the stretch hood films market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and economic envelope.

In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the market based on key parameters to understand the predictability of the stretch hood films market and identify the right opportunities across the market.

The report is compiled under different chapters, overview of each chapter is given as follows:

Chapter 1: Executive Summary

This section also includes market overview, market analysis, FMI analysis, and recommendations pertaining to the stretch hood films market. It also enables the reader to evaluate the most lucrative segment in the stretch hood films market with the help of unique analysis framework through the wheel of opportunity.

Chapter 2: Market Introduction

It includes the definition of the global stretch hood films market, related market taxonomy, and a brief overview of the global stretch hood films market report.

Chapter 3: Market Viewpoint

It includes a complete analysis on the basis of the key factors influencing the global stretch hood films market. This provide readers with an in-depth value chain analysis, global pricing analysis (profitability margin), along with opportunity analysis or key trends pertaining to the stretch hood films market which will help readers to make informed decisions. Key drivers and restraints are also given in the report to understand the current market scenario.

Chapter 4: Global Stretch Hood Films Market Analysis

It observes the market scenario, with key implications drawn from historical data and future prospects. Moreover, the historic data and forecast is supported by key understanding and rationales including Y-o-Y growth, opportunity assessment, and market value projection.

Chapter 5: Global Stretch Hood Films Market Analysis by Region

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the global stretch hood films market by region. It highlights each region for the respected market by pricing analysis. The report also includes pointed mapping in each region to help reader identify key manufacturers and distributors operating in the target region and impact of their sales and distribution.

Chapter 6: Global Stretch Hood Films Market Analysis by Material

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the global stretch hood films market by material. It includes the segmentation by material type on the basis of segments and sub-segments, which include polyethylene, ethylene vinyl acetate, plastomers, elastomers, & others.

Chapter 7: Global Stretch Hood Films Market Analysis by Thickness

This chapter contains segmentation by thickness, which includes some standard sizes on which the segmentation is done to help the reader identify the target thickness segment.

Chapter 8: Global Stretch Hood Films Market Analysis by End Use

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the stretch hood films market. It has been segmented on the basis of end use such as construction, food & beverage, pharmaceuticals, consumer products, paper, textile, and chemical & fertilizers for the stretch hood films market.

Chapter 9: North America Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the North America stretch hood films market by historic and current observation. The analysis is presented for key countries including the U.S. and Canada. The chapter also includes regional market dynamics including drivers, restraints, and trends.

Chapter 10: Latin America Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Latin America stretch hood films market through historic and current observation. The analysis is presented for key countries including Brazil, Mexico, and Rest of Latin America. The chapter also includes regional market dynamics including drivers, restraints, and trends.

Chapter 11: Western Europe Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Western Europe stretch hood films market by historic and current observation. The analysis is presented for key countries including Germany, Italy, France, Spain, U.K. Benelux, Nordic, and Rest of Western Europe. The chapter also includes regional market dynamics including drivers, restraints, and trends.

Chapter 12: Eastern Europe Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Eastern Europe stretch hood films market by historic and current observation. The analysis is presented for key countries including Russia, Poland, and Rest of Eastern Europe. The chapter also includes regional market dynamics including drivers, restraints, and trends.

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Asia Pacific excluding Japan stretch hood films market through historic and current observation. The analysis is presented for key countries including China, India, ASEAN, Australia and New Zealand, and Rest of APEJ. The chapter also includes the regional market dynamics including drivers, restraints, and trends.

Chapter 14: Middle East and Africa Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Middle East and Africa stretch hood films market by historic and current observation. The analysis is presented for key countries including Northern Africa, GCC Countries, South Africa, Rest of Middle East, and Africa. The chapter also includes regional market dynamics including drivers, restraints, and trends.

Chapter 15: Japan Stretch Hood Films Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 tons) analysis on the Japan stretch hood films market by historic and current observation. The chapter also includes regional market dynamics including drivers, restraints, and trends.

Chapter 16: Competition Landscape

This chapter comprises of a stretch hood films market dashboard of key manufacturers with their comprehensive company profiles which include revenue, key management, employee strength, establishment, headquarter, product portfolio, recent developments, and SWOT analysis along with key market strategies.

This section includes a detailed description of robust methodology and approach to arrive at stretch hood films market size and related projections. The research methodology for stretch hood films market report is based on systematic research approach, followed by primary research, secondary research, and paid publications by observing the market size.

Chapter 18: Assumptions & Acronyms Used

This section includes a list of all assumptions & acronyms used in the stretch hood films report.